Future Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
CRUDE OIL Aug 2020 (NYMEX:CL.Q20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CL.Q20
The long term trend has been DOWN since Feb 2nd, 2020 at 51.10
The intermediate term trend has been DOWN since Jan 9th, 2020 at 57.12
The short term trend has been UP since Feb 12th, 2020 at 51.75
Smart Scan Analysis for CL.Q20
Based on a pre-defined weighted trend formula for chart analysis, CL.Q20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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